RATE Group | Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP
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Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP

29 Jan Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP

Posted at 23:10h in Cryptocurrency News by

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XRP, the cryptocurrency commonly called Ripple, is in the midst of breaking out from downtrend resistance that has kept the crypto asset at low prices for over two full years of bear market.

A breakout from what appears to be a bull flag or pennant pattern could shock the crypto market with rapid, explosive gains, that could bring the price per XRP to as high as $14 each.

How and Why XRP Can Reach $14 With the Next Bull Run

XRP is the native cryptocurrency of the Ripple protocol, and due to its association with the project’s parent company of the same name, it’s often among the most controversial altcoins on the market.

Crypto investors dislike XRP due to it being arguably more centralized than Bitcoin or Ethereum – something that the firm’s executives challenge on the regular.

Related Reading | XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How 

Regardless of if XRP aligns with the early themes of why cryptocurrencies were created or not, it does little to…

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